Eliminating Accumulated Losses Through Capital and Reserve Reductions and Increasing Flexibility in Capital Policy
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
- FY2022Cited as achievedAnnual report
「At the 126th Annual General Meeting of Shareholders held last year, the Company approved a reduction in stated capital effective 1 July 2021 and eliminated the entire deficit in retained earnings brought forward.」
The Company is reviewing the elimination of the deficit and strengthening of its financial position through the capital and reserve reductions implemented in the previous fiscal year as the basis for its dividend policy for the current fiscal year. - FY2022-Q1AchievedAnnual report
「At the Company's 126th Annual General Meeting of Shareholders, held on 27 May this year, a reduction in stated capital was approved to strengthen the Company's financial position and enable a more agile and flexible capital policy going forward. The reduction took effect on 1 July this year, reducing the Company's stated capital to ¥100 million. Deficits were eliminated through the transfer of capital reserves and legal retained earnings reserves.」
The reduction of capital and reserves and the transfer to retained earnings were approved at the Annual General Meeting of Shareholders and took effect on 1 July 2021. Stated capital was reduced to ¥100 million, and the deficit was eliminated through the transfer. - FY2021First statedAnnual report
「The capital and reserve reductions implemented by the Company are intended to eliminate accumulated losses from prior years, meaning the cumulative total of past deficit amounts, and strengthen its financial position, thereby increasing the potential for future dividends and enabling a flexible and agile capital policy going forward.」
The Company has disclosed plans to reduce its stated capital by ¥10,432,168,341, capital reserves by ¥10,980,130,142 and legal retained earnings reserves by ¥1,127,023,379, and transfer the amounts to retained earnings brought forward on 1 July 2021.